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Chicago Board of Trade (CBOT) soyabean futures closed weaker on Wednesday on diminishing hopes for a deal to ease the trade war with China, traders said.
The market turned lower after a report that US-China trade negotiations "hit a snag" over farm purchases.
Traders are closely watching news about the trade war because China is the world's largest soyabean importer and has slashed purchases from the United States since Beijing slapped hefty tariffs on imports of the US oilseed last year.
US President Donald Trump on Tuesday dangled the prospect of completing an initial deal with Beijing "soon." But he worried some traders by not providing specific details.
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